Ather Energy Allots ₹2,999 Crore in Preferential Issue, Boosting Capital
Ather Energy Limited has allotted 16,26,016 equity shares for ₹199.99 crore to India Japan Fund and 79,36,507 warrants for ₹999.99 crore to Hero MotoCorp, Tarun Sanjay Mehta, and Swapnil Babanlal Jain. The warrants are convertible within 18 months.
The substantial capital infusion through equity and warrants will strengthen the company's financial position and support its future growth and expansion plans.
The company has successfully raised a significant amount of capital through a preferential issue, which is generally positive for business growth and operations.
Ather Energy Limited has announced the successful allotment of 16,26,016 equity shares and 79,36,507 convertible warrants through a preferential issue. The equity shares were allotted at an issue price of ₹1,230 each, aggregating ₹199.99 crore, to India Japan Fund (IJF).
Additionally, 79,36,507 warrants were issued at ₹1,260 per warrant, aggregating ₹999.99 crore. These warrants are convertible into equity shares within 18 months from the allotment date. Hero MotoCorp Limited, Mr. Tarun Sanjay Mehta, and Mr. Swapnil Babanlal Jain are the recipients of these warrants. The upfront payment received for the warrants is 25% of the issue price, amounting to ₹2,399.99 crore for Hero MotoCorp, ₹4.99 crore for Mr. Mehta, and ₹4.99 crore for Mr. Jain.
This preferential issue follows board approval on July 15, 2026, and shareholder approval in an extraordinary general meeting on August 14, 2026. The company has received in-principle approvals from NSE and BSE for this issuance. The allotment results in an increase in Ather Energy's paid-up equity share capital to ₹39,61,19,200 from ₹39,44,93,184.
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Ather Energy Limited filed this with the NSE as a statutory disclosure, categorised under equity fundraising. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Ather Energy Limited. Read the original for the full detail.